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R&D Centers Thriving in India

Saheer Karimbayil
Tuesday, July 1, 2008
Saheer Karimbayil
It is a boom time for R&D centers in India. MindTree, Mirrus Systems, IBM, and Citrix Systems are some of the noteworthy companies that made investment in their Indian research and development (R&D) operations recently.

MindTree, a global IT and R&D Services company, has opened a development center, MindTree Coromandel, in Chennai. The facility has the capacity to accommodate 2,800 employees.

Similarly, Mirrus Systems, a CBay Group company and a global patient financial services provider, has opened an R&D center in Bangalore. The center will focus on development and maintenance of Mirrus Systems technology platform for its patient financial services offerings.

"This is our first phase of expansion in India. We plan to increase our headcount to over 300 by next year and to 1,000 by 2010. We are investing an initial amount of $1.5 million in this center," says, Nanda Krish, President and CEO of Mirrus Systems.

IBM also has gone in for expansion of its innovation center in Bangalore for startup companies, software developers, independent software vendors, IT professionals, and academics. The center will help them grow their IT skills, create new software and hardware applications and services, and deliver them to the global marketplace.

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